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estimated the profit @ 11.5% on the turnover of Rs. 16.84 crore. The Hon'ble Bench has also considered its order ... Assessee has claimed that with the increase of turnover, profit rate is decreased. For 5 ITA 54 & 164/JP/2013_ Choudhary & Brothers

profit 7883640 17530088.41 20905089.81 24268511.48 Gross profit % 14.23 % 14.02 % 13.07% 13.53 % on turnover Net profit 4714700 11242289.71 14151236.39 19503705.55 before depreciation Depreciation ... turnover before interest and salary to partners Net profit % on 1.93% 2.33% 2.29% 3.98% turnover after interest and salary to partners Therefore, the assessee claimed